After announcing the close of a $30 million Series B funding round yesterday, Olipop co-founders Ben Goodwin and David Lester told BevNET they have set the goal of both doubling the brand’s retail footprint and achieving a $100 million run rate by the end of this year.
Austrian beverage brand Waterdrop has closed a $70 million Series B funding round led by private equity firm Temasek, the company announced this morning.
This week on Taste Radio, we share the inspirational story of Adam Bremen, the founder of fast-growing snack bar brand Keto Krisp, who spoke about how perseverance and a can-do attitude has yielded personal and professional success throughout his life. Also, investor Maxine Kozler Koven joins the episode for the first installment of a new regular series in which she provides her insights and analysis of the food and beverage industry.
The J.M. Smucker Co. completed the process of divesting from its natural and organic and grains businesses today, while Nexus Capital Management, which acquired the rights to R.W. Knudsen, TruRoots and Santa Cruz Organic (beverages only) in a $110 million deal, announced that CPG industry veteran Bobby Chacko will be running the businesses under a single independent company as its chairman and CEO.
Functional soda producer Olipop has closed a $30 million Series B funding round led by Monogram Capital and supported by a roster of celebrity investors, the company announced today. Among the notable names involved in the round are Priyanka Chopra, musician Camila Cabello and the Jonas Brothers – Nick Jonas, Joe Jonas and Kevin Jonas.
Pioneering chia beverage maker Mamma Chia is looking to emphasize diversity and empowerment with a comprehensive rebrand, set to begin rolling out to stores this month. Helmed by creative firm Gestalt Brand Labs, the new look stretches across Mamma Chia’s entire product portfolio.
California-based brand Better Booch has raised $2.5 million in a series seed round to support the expansion of its team, the company announced today, including the hiring of GT’s Living Foods vet Scott Presnall as its EVP of sales and a new VP of sales, John Weaver.
Encouraged by improved gross margins and optimized production efficiencies, premium water brand Flow Beverage Corp. has raised its FY2022 net revenue target for branded products by up to 55%, according to financial results released by the company today.
The world’s largest can manufacturer, Ball Corporation, reported can volumes increased 7% in 2021 as demand for aluminum packaging continues to outstrip supply. The company shipped 112.5 billion cans in 2021, after adding 12 billion cans of new capacity.
Upstart sports drink brand BioSteel has announced a U.S. retail expansion that will see the brand enter nearly 15,000 new locations nationwide across grocery, convenience and drug chains this year.
As January comes to an end, brands are offering consumers a slate of new products to power them through the tail end of the winter season. With Valentine’s Day on the horizon, shoppers will have the option to embrace the spirit of the holiday with a returning seasonal kombucha from GT’s, or turn to darkness with Liquid Death’s new flavored line.
On the heels of the Coca-Cola Co.’s latest foray into alcoholic beverages, the Taste Radio team discussed the potential for Simply Spiked and assessed the mission and mechanics of a new industry group focused on promoting low-sugar, better-for-you CPG brands. They also reviewed major investment deals in the meat stick and hard kombucha categories and riffed on new and notable products, including a line of non-alcoholic aperitifs launched by musician Katy Perry.
Psychedelic Water isn’t just expanding minds, it’s expanding on store shelves as the relaxation drink brand launches in Erewhon and Foxtrot retail accounts in Los Angeles and Chicago; also, non-alcoholic spirit producer Spiritless has signed a national partnership with beverage alcohol and CBD distributor Republic National Distributing Company.
Two years after its launch, prebiotic soda line Vina is rolling out a new brand identity and formulation that leans into flavor, the company announced today.
